When was the new Kroger CEO announced?

The appointment of Greg Foran as the new CEO of Kroger was announced on Monday.

How did Kroger's shares react to the CEO announcement?

Kroger's share price increased following the announcement of Greg Foran's appointment as CEO.

Home / Business and Economy / Ex-Walmart Exec Takes Helm at Kroger

Ex-Walmart Exec Takes Helm at Kroger

10 Feb

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Summary

Greg Foran, formerly of Walmart, is now Kroger's CEO.
His appointment followed a year-long executive search.
Kroger's shares saw an increase following the announcement.

Greg Foran, a former executive from Walmart, has been appointed as the new Chief Executive Officer of Kroger. This decision, announced on Monday, marks the culmination of a comprehensive, year-long search for leadership following the departure of Rodney McMullen in March of last year. The news of Foran's appointment has been met with a positive market response, as evidenced by an increase in Kroger's share price.

This strategic leadership change is anticipated to usher in a new phase for the prominent US grocer. Foran's background at Walmart, a major competitor, suggests a wealth of experience that could influence Kroger's future strategies and operations. The market's reaction underscores investor confidence in the company's direction under its new leadership.

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